1. Finding a fake paper or polymer note
Polymer ₤ 5 and ₤ 10 notes have actually totally changed paper notes since 2018, while this year has actually seen the release of polymer ₤ 20 notes into flow.
All notes will be polymer by the end of 2021, when the Bank of England anticipates to have released a ₤ 50 polymer note.
But with paper notes still in flow and polymer notes having additional safety features to make them harder to fake, what should you be looking out for to spot if your cash is phony?
First, let's take a look at how to identify a fake paper banknote. If you're specifically thinking about identifying fake plastic notes, scroll straight to point 8.
These are printed on an unique product, so make sure you inspect how the paper feels.
A real banknote has a cloth-like feel, while a phony note will feel more like standard paper.
₤ 50 banknote (Image: Bank of England).
2. Raised print.
Run your finger throughout the paper note and if it's genuine, you should be able to feel the raised print on locations such as the words 'Bank of England' on the front.
If it's a fake, the note is unlikely to have a textured feel to it and will feel flat all over.
3. Examine the metallic thread.
A metal thread is embedded in every paper banknote.
This looks like silver dashes on the back of paper ₤ 20 and ₤ 50 notes counterfeit money for sale (see more information on spotting fake paper ₤ 20 notes on this Bank of England page).
The thread is woven through the paper-- not just printed on-- so when you hold it as much as the light it ought to appear as a continuous dark line.
This appears as intense green dashes on the front of ₤ 50 notes.
Each dash is in fact a window which consists of pictures of the '₤' sign and the number '50'. When the note is tilted from side to side, the images move up and down.
When the note is tilted up and down, the images move from side to side and the number '50' and '₤' symbol swap places.
4. Check the watermark.
If you hold a genuine note as much as the light, you must see a picture of the Queen's picture.
However, if you can still see the watermark when the note is flat and not held up to the light, it's likely to be a dodgy note.
5. Examine the print quality.
The printed lines and colours on real notes will be detailed and sharp and devoid of spots or blurred edges. So make certain you inspect the detail carefully.
If the quality is bad or unpleasant, you have actually obtained a fake!
6. Check under ultra-violet light.
This isn't so handy if you've just been given a banknote in a store, however if you're really determined to discover whether your note is fake or genuine, put it under ultra-violet light.
If it's the real deal, its worth will appear in intense red and green numbers while the background will be dull in contrast.
The paper ₤ 20 and ₤ 50 notes also have intense red and green flecks arbitrarily topped the front and back of the note.
7. Utilize a magnifying glass.
Utilize a magnifying glass to look closely at the lettering underneath the Queen's picture. On a genuine note, decorative swirls define the value of the note in small letters and characters.